My watch list
my.chemeurope.com  
Login  

DOMO Chemicals signs agreement to acquire Solvay’s Performance Polyamides Business in Europe

16-Aug-2019

DOMO Chemicals and Solvay have signed an agreement for DOMO to acquire Solvay’s Performance Polyamides Business in Europe. This includes Engineering Plastics operations in France and Poland; High Performance Fibers in France; Polymer and Intermediates operations in France, Spain & Poland. The agreement also involves a joint venture between BASF and DOMO in France for the production of Adipic Acid. The Business comprises Production, Sales, Technical Support, R&D and Innovation services which currently have a combined headcount of approximately 1100 employees. The acquisition, which is subject to approval by the competent competition authorities, is expected to close by the end of Q4 2019. The purchase price to be paid by DOMO on a cash and debt-free basis would amount to €300 million.

The acquisition of this PA 6.6 business will significantly strengthen Domo Chemicals’ downstream nylon based engineering plastics business. Through the acquisition Domo Chemicals Turn Over will grow from 900 mio € to 1,600 mio €.

Speaking for DOMO Chemicals, Alex Segers, CEO called the acquisition “a major step forward.” “By integrating the complementary strengths of the diverse teams and talents of both companies, we will enhance our excellence towards our customers by building a unique and competitive integrated Nylon solution provider (6 and 6.6) driven by a strong innovation platform to push future sustainable growth.

The strong reputation of the Technyl® brand will perfectly complement DOMO’s wide DOMAMID® range of engineered and virgin polyamide resin grades and ECONAMID® range of recycled polyamides. We are looking forward to offering employees from both companies great opportunities for personal and career development.”

Facts, background information, dossiers
  • acquisitions
  • Domo Chemicals
  • Solvay
More about Domo Chemicals
More about Solvay
  • News

    Solvay to raise hydroquinone capacity in Europe by 20%

    Solvay is raising its European capacity of hydroquinone by 20%, enhancing the security of supply on three continents and to meet increasing demand for diphenol inhibitors used as additives by the monomer industry. This capacity expansion at its plant in Saint-Fons, France is accomplished by ... more

    BASF moves forward in acquisition of Solvay's polyamide business

    In September 2017, BASF and Solvay agreed that BASF would acquire Solvay’s polyamide business subject to approval of the relevant merger control authorities. The approval process of the EU Commission is ongoing. To meet the concerns of the EU Commission, BASF has offered to refrain from acq ... more

    BASF to acquire Solvay’s global polyamide business

    BASF and Solvay have signed an agreement related to the sale of Solvay’s integrated polyamide business to BASF. The purchase price on a cash and debt-free basis would be €1.6 billion. According to applicable laws, the intended transaction is subject to consultations with the relevant social ... more

  • Companies

    Solvay (Schweiz) AG

    more

    Solvay SA

    SOLVAY is an international chemical and pharmaceutical Group with headquarters in Brussels. It employs some 29,000 people in 50 countries. In 2006, its consolidated sales amounted to EUR 9.4 billion, generated by its three sectors of activity: Chemicals, Plastics and Pharmaceuticals. So ... more

    SOLVAY GmbH

    Worldwide, the Solvay presence, notably in terms of sales and marketing, is ensured through regional organisations like national offices, affiliates, subsidiaries, … as well as local agents in the countries where Solvay doesn’t have its own organisation. Solvay chemicals in smaller volumes ... more

Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE